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Aquarius Platinum Falls Most in Five Months on Zimbabwe News
Oct. 29, 2013 10:51AM PST
Precious Metals Investing
Bloomberg reported that yesterday, Aquarius Platinum Ltd. (ASX:AQP,LSE:AQP) took its biggest fall in five months on news that it plans to open a second shaft at its Mimosa platinum mine, located in Zimbabwe. Companies in Zimbabwe must cede project stakes to local investors.
Bloomberg reported that yesterday, Aquarius Platinum Ltd. (ASX:AQP,LSE:AQP) took its biggest fall in five months on news that it plans to open a second shaft at its Mimosa platinum mine, located in Zimbabwe. Companies in Zimbabwe must cede project stakes to local investors.
Aquarius co-owns Mimosa with Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY).
As quoted in the market news:
The stock fell as much as 6 percent, the most since May 23 on an intraday basis, and traded 5 percent lower at 6.84 rand by 2:56 p.m. in Johannesburg. That compares with a 0.4 percent decline in the six-member FTSE/JSE Africa Platinum Mining Index. Aquarius is the worst one-day performer on the gauge.